PEOPLE AND NATURE

Nature-positive for Climate Action: Science-based targets to achieve climate-positive transition

Context and challenges

~50% of GDP is dependent on nature and ecosystems, yet these have degraded at an unprecedented rate, leading to the 6th mass extinction.

Nature-based solutions could provide up to one-third of the mitigations required by 2030 to meet the Paris Agreement, as well as restore ecosystems which will increase resilience against global warming’s consequences.

It represents USD 10 Tn in business opportunities and a potential to create ~400 Mn new jobs by 2030.

Achieving this will require tripling related investments by 2030 to USD ~48 Bn.

Initiative Description

Nature-positive for Climate Action is an initiative with the global goal to halt and reverse nature loss by 2030, contributing to the 2030 Breakthroughs and the Sharm-el-Sheikh Adaptation agenda.

This initiative proposes the following commitments:

For all non-state actors: Disclose climate and nature-related risks on their activities,, opportunities and dependencies with TCFD and TNFD

For financial institutions:

Follow the Accountability Framework Initiative
Increase investment in Nature-based Solutions to help close the yearly USD 484 Bn funding gap required by 2030

For other businesses:

Integrate nature as a category into their climate transition plans in line with the nature leadership practices of Race to Zero
Set science-based targets for climate & nature and disclose yearly progress against targets

Commitments from Business & Philanthropy

Sign the financial commitment letter on eliminating commodity-driven deforestation: Finance Sector Deforestation Action

Take climate action with science-based emissions reduction target using SBTi and Forest, Land and Agriculture (FLAG) guidance.

Join the Science-Based Targets Network (SBTN) Corporate Engagement Program

How to get involved?

To learn more about Nature Positive for Climate Action click here

Source: Nature Positive for Climate Action